NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING AND REPORTING POLICIES (Tables)
|
6 Months Ended |
12 Months Ended |
Dec. 31, 2025 |
Jun. 30, 2025 |
| Accounting Policies [Abstract] |
|
|
| SCHEDULE OF TRANSACTION EXCHANGE RATES |
As
of December 31, 2025 and June 30, 2025, the exchange rates used to translate amounts in Australian dollars into USD for the purposes
of preparing the consolidated financial statements were as follows:
SCHEDULE
OF TRANSACTION EXCHANGE RATES
| | |
December
31, 2025 | | |
June
30, 2025 | |
| Exchange rate on balance sheet dates | |
| | | |
| | |
| USD : AUD exchange rate | |
| 0.6667 | | |
| 0.6571 | |
| | |
| | | |
| | |
| Average exchange rate for the period | |
| | | |
| | |
| USD : AUD exchange rate | |
| 0.6521 | | |
| 0.6468 | |
|
As
of June 30, 2025 and 2024, the exchange rates used to translate amounts in Australian dollars into USD for the purposes of preparing
the consolidated financial statements were as follows:
SCHEDULE OF TRANSACTION EXCHANGE RATES
| | |
June
30, 2025 | | |
June
30, 2024 | |
| Exchange rate on balance sheet dates | |
| | | |
| | |
| USD : AUD exchange rate | |
| 0.6571 | | |
| 0.6693 | |
| | |
| | | |
| | |
| Average exchange rate for the period | |
| | | |
| | |
| USD : AUD exchange rate | |
| 0.6468 | | |
| 0.6557 | |
|
| SCHEDULE OF ACCUMULATED OTHER COMPREHENSIVE INCOME |
The
change in Accumulated Other Comprehensive Income by component during the six months ended December 31, 2025 was as follows:
SCHEDULE
OF ACCUMULATED OTHER COMPREHENSIVE INCOME
| | |
Foreign
Currency Items: | |
| Balance, June 30, 2025 | |
$ | 1,318,917 | |
| Unrealized foreign
currency translation gain | |
| 9,198 | |
| Ending balance, December 31, 2025 | |
$ | 1,328,115 | |
|
Change
in Accumulated Other Comprehensive Income (Loss) by component during the years ended June 30, 2025 and 2024 were as follows:
SCHEDULE OF ACCUMULATED OTHER COMPREHENSIVE INCOME
| | |
Foreign
Currency Items: | |
| Beginning balance, June 30, 2023 | |
$ | 1,294,876 | |
| Foreign currency translation
loss | |
| (25,295 | ) |
| Balance, June 30, 2024 | |
| 1,269,581 | |
| Foreign currency translation
gain | |
| 49,336 | |
| Ending balance, June 30, 2025 | |
$ | 1,318,917 | |
|
| SCHEDULE OF PROPERTY AND EQUIPMENT ESTIMATED USEFUL LIVES |
The
estimated useful lives are as follows:
SCHEDULE
OF PROPERTY AND EQUIPMENT ESTIMATED USEFUL LIVES
| Machinery
and equipment |
-
5
years |
| Furniture |
-
7
years |
|
The
estimated useful lives are as follows:
SCHEDULE OF PROPERTY AND EQUIPMENT ESTIMATED USEFUL LIVES
| Machinery
and equipment |
-
5 years |
| Furniture |
-
7 years |
|
| SCHEDULE OF ANTI-DILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNINGS |
SCHEDULE
OF ANTI-DILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNINGS
| | |
December
31, 2025 | | |
December
31, 2024 | |
| | |
(Unaudited) | | |
(Unaudited) | |
| Stock Warrants with no designations | |
| 40,150 | | |
| 250 | |
| Series A Warrants as if converted at alternate
cashless exercise price | |
| - | | |
| 33,173 | |
| Series C Warrants as if converted at alternate
cashless exercise price * | |
| - | | |
| 152,933 | |
| Convertible Series C Preferred stock | |
| 2,178,649 | | |
| - | |
| Convertible Debt | |
| 169,753 | | |
| 44,971 | |
| Total | |
| 2,388,552 | | |
| 231,327 | |
| * | | Only
convertible ratably upon exercise of Series B Warrants |
|
SCHEDULE OF ANTI-DILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNINGS
| | |
June
30, 2025 | | |
June
30, 2024 | |
| | |
| | |
| |
| Warrants with no designations | |
| 250 | | |
| 250 | |
| Series A Warrants as if converted at alternate
cashless exercise prices | |
| - | | |
| 33,173 | |
| Series C Warrants as if converted at alternate
cashless exercise prices * | |
| - | | |
| 152,933 | |
| Convertible Debt | |
| 189,896 | | |
| 6,562 | |
| Total | |
| 190,146 | | |
| 192,918 | |
|
* |
Only
convertible ratably upon exercise of Series B Warrants |
|